All construction firms ordered to employ qualified engineers

2008-09-10 09:40:02
By Felix Andrew

The government has ordered all contractors working in Tanzania to ensure that they only hire qualified engineers to supervise their construction projects.

This was said in Dar es Salaam last week by the Minister for Infrastructure Development Dr. Shukuru Kawambwa soon after opening the 6th Annual Engineers Day (AED-2008) which was organised by the Engineers Registration Board (ERB). More...


[SOURCE: THE GUARDIAN]

Tanga Cement shares sharply rally this week

2008-09-04 11:05:17
By Michael Mbiro
Tanga Cement shares which trade as `SIMBA` at the Dar es Salaam Stock Exchange (DSE) are selling like hotcake on since Tuesday, most recent data shows.

According to the DSE daily market report released Tuesday, bidders were ready to buy SIMBA shares at prices ranging from 1,600/- to 1,800/-. A total of 44,300 shares were offered Tuesday. More...


[SOURCE: THE GUARDIAN]

CRDB Bank and Mutual Developers are pacesetters for home loans

2008-08-18 09:21:42
By Michael Haonga
A partnership between the CRDB Bank and Mutual Developers Limited appears to be setting breaking grounds on how to provide homes to urban residents through the workings of the market.

Mutual Developers Limited (MDL) -- a Dar based property development company -- has already put up and sold some 110 home units to indigenous.

More...


[SOURCE: THE GUARDIAN]

TBL, TWIGA lose 20 points each

TZS rises in the FOREX market

Tanzania Breweries Limited (DSE ticker: TBL) which opened at TZS 1,800 per share today, dropped back to TZS 1,780; a 20-point drop, same as Tanzania Portland Cement Company (DSE ticker: TWIGA) which dropped to 1,440; bringing the DSE Index down by 1.15 points to 1,078.46 at the end of trading today.

Meanwhile, in the FOREX market, the Tanzanian Shilling (TZS) has continued to fare well against the major foreign currencies; gaining 2.9600 against the USD, 23.3641 against the GBP and 17.1913 against the EUR. As for the Kenyan Shiling (KES), against which TZS hadn't done too well of late; TZS rose by 0.1735.
The price of Gold also dropped for the 2^nd day running; decreasing by TZS 64,722.3263 to TZS 934,805.4647 per ounce of Gold.

Real Estate Developments in Dar

A 25-storey residential cum business building is to be constructed in Downtown Dar Es Salaam. According to reports, the building whose miniature scaled model is pictured below, will be called Uhuru Heights isbeing developed by Cosmos Group of companie and will be located on Bibi Titi Mohammed Road, near the intersection with Ali Hassan Mwinyi Road. The building will accommodate various facilities including shopping malls, food courts, hotels, offices and apartments.

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On another story, it is reported that the City of Dar Es Salaam plans to build satelite towns around the City so as to deal with the problem of congestion and traffic jams especially in downtown Dar Es Salaam. Fore more on this please read DAILY NEWS